Non-FATCA Banks in Ecuador



Don’t rely on this quick-reference guide, whatever you do! Check IRS website for a FATCA GIIN. Also check whether an intergovernmental agreement is in effect: TREASURY

The U.S. Department of the Treasury makes a show of all the jurisdictions entering into IGA’s and all the FATCA-registered FFI’s but for some strange reason they do NOT make it easy to find the jurisdictions without IGA’s or the banks in those jurisdictions that do NOT participate in FATCA.

Typically this website lists banks with a SWIFT BIC, and smaller banks tend not to have a SWIFT BIC.

If it shows a GIIN then they are FATCA registered.
Name of a financial institution
A FATCA-registered financial institution with a similar name
ASOCIACION MUTUALISTA DE AHORRO Y CREDITO PARA LA VIVIENDA PICHINCHA
QUITO
P43BA1.99999.SL.218
ASOCIACION MUTUALISTA DE AHORRO Y CREDITO PARA LA VIVIENDA PICHINCHA
BANCO AMAZONAS S.A.
GUAYAQUIL
Z1D64D.99999.SL.218
Banco Amazonas S.A.
Ecuador
BANCO BOLIVARIANO C.A.
GUAYAQUIL
J0CLLW.99999.SL.218
Banco Bolivariano C.A.
Ecuador
BANCO CAPITAL S.A
QUITO
V6UIA5.99999.SL.218
BANCO CAPITAL SOCIEDAD ANOMINA
BANCO CENTRAL DEL ECUADOR
QUITO
NONE
BANCO COFIEC C.A.
QUITO
NONE
BANCO DE GUAYAQUIL
CUENCA
ZQDX87.99999.SL.218
Banco de Guayaquil S.A.
Ecuador
BANCO DE LA PRODUCCION S.A. PRODUBANCO
QUITO
B7ZF3K.00000.LE.218
Banco de la Produccion S.A. Produbanco
Ecuador
BANCO DE LOJA
LOJA
GX8WYS.00008.ME.218
Banco de Loja S.A.
Ecuador
BANCO DE MACHALA, C.A.
GUAYAQUIL
LXVSXN.99999.SL.218
BANCO DE MACHALA S. A.
Ecuador
BANCO DEL AUSTRO S.A.
QUITO
LF6222.99999.SL.218
Banco del Austro S.A.
Ecuador
BANCO DEL PACIFICO
AMBATO
N8NSPC.00003.ME.218
BANCO DEL PACIFICO S.A.
Ecuador
BANCO FINCA NONE
BANCO GENERAL RUMINAHUI S.A.
QUITO
GX8WYS.00009.ME.218
Banco General Ruminahui S.A.
Ecuador
BANCO GUAYAQUIL ZQDX87.99999.SL.218
Banco de Guayaquil S.A.
Ecuador
BANCO INTERNACIONAL S.A.
QUITO
AZAN5Q.99999.SL.218
Banco Internacional S.A.
Ecuador
BANCO NACIONAL DE FOMENTO
QUITO
NONE
BANCO PICHINCHA C.A.
QUITO
GX8WYS.00000.LE.218
BANCO PICHINCHA C.A.
Ecuador
BANCO PROCREDIT S.A.
QUITO
IZE7QS.00008.ME.218
Banco ProCredit S.A.
Ecuador
BANCO PROMERICA
QUITO
B7ZF3K.00001.ME.218
Banco Promerica S.A.
Ecuador
BANCO SOLIDARIO S.A.
QUITO
5ALSRT.00000.LE.218
Banco Solidario S.A.
Ecuador
BANCO TERRITORIAL S.A.
GUAYAQUIL
NONE
COOPERATIVA DE AHORRO Y CREDITO COOPERA LTDA
CUENCA
NONE
COOPERATIVA DE AHORRO Y CREDITO DESARROLLO DE LOS PUEBLOS CODESARROLLO
QUITO
NONE
COOPERATIVA DE AHORRO Y CREDITO JUVENTUD ECUATORIANA PROGRESISTA LTDA.
CUENCA
IZQ7VM.99999.SL.218
COOPERATIVA DE AHORRO Y CREDITO JUVENTUD ECUATORIANA PROGRESISTA LTDA
CORPORACION FINANCIERA NACIONAL
QUITO
NONE
The boundaries of the United States of America are the boundaries of the United States of America.

Around the world, people are learning that they are “citizens” of the U.S.A., and faced with criminal charges and devastating financial penalties for failing to report to Washington, D.C. their local bank accounts, when they don’t even live in the United States, and under the laws of their country, they are citizens only of their country.

Complicating the problem is that the U.S. Supreme Court gave them back their citizenship even if they did not want it. The court ruled in a manner consistent with U.S. Constitution, Amendment 14, which says:
All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States, and of the State wherein they reside.


But how can a country unilaterally acquire the authority to tax people overseas? These people are no more U.S.A. “citizens” than U.S. Senator Ted Cruz was a “Canadian” when he learned in 2013 that he was still a citizen of Canada under Canadian law.

The fee to renounce U.S. citizenship is $2,350.00 and they require five years of tax returns and sometimes an exit tax, and in some cases they keep taxing for ten more years. This is unacceptable.

If they want money they should repeal the income tax and use a federal sales tax, based on domestic consumption, which does not invade personal privacy. If you pay with cash there is no paper trail revealing what you buy, so why should there be a paper trail showing how much money you have, or make? Cars built overseas and sold in the U.S.A. would be taxed in the U.S.A., making the U.S.A. more competitive.



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